Flex Space With
For Sale
$750,000
3-1422 Woodmont Ln Nw, Atlanta, GA 30318
I2-zoned flex property includes a mezzanine with kitchen and full bathroom.
Property Size2,800 SF
Price / SF$267.86
Days on Market313
Property Features for 3-1422 Woodmont Ln Nw
General Information
Standard status
Active
Size
2,800 SF
Zoning
I2
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$6,773
Listing Agency:
Keller Knapp
(678) 613-5519
Listed By:
Darren Comer
(678) 613-5519
Source:
Exprealty
Added: Oct 9, 2025
Changed: Aug 16
Last Checked: Aug 16 at 1:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Knapp
Investment Insights
Based on property information with market context.
This 2,800-square-foot flex property combines office, retail, and warehouse utility within an adaptable commercial layout. The mezzanine adds a live-work configuration with a kitchen and full bathroom, while I2 heavy industrial zoning supports a broad range of permitted uses.
Building updates include a TPO roof installed in 2021 and HVAC replacement completed in 2016. The property is located near the Works at Chattahoochee mixed-use development in Atlanta’s West Midtown market.
Building updates include a TPO roof installed in 2021 and HVAC replacement completed in 2016. The property is located near the Works at Chattahoochee mixed-use development in Atlanta’s West Midtown market.
Key Highlights
- 2,800 SF flex property with office, retail, and warehouse utility
- I2 (Heavy Industrial) zoning
- Mezzanine with kitchen and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,383
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$787,660
$787.7K
Cap Rate 7%
$562,614
$562.6K
Cap Rate 9%
$437,589
$437.6K
Market Conditions
NOI Build-Up for 2,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$61.5K $21.96/SF
− Vacancy
−$5.2K −$1.87/SF
EGI
$56.3K $20.09/SF
− OpEx
−$16.9K −$6.03/SF
NOI
$39.4K $14.07/SF
Area
ZIP 30318
Vacancy
8.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$787,660
Cap Rate 7%
$562,614
Cap Rate 9%
$437,589
Alternative Uses
Best Use
Retail
$562.6K
$492.3K – $656.4K
NOI $39,383 @ 7.0% cap · market cap 5.25%
Second Best
Office B
$535.6K
$468.7K – $624.9K
NOI $37,495 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$782.7K
$684.9K – $913.2K
NOI $54,790 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,397
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30318, GA
60,392
Population
29,993
Households
2
Avg Household Size
31
Median Age
54%
College-Educated
92%
High-School Grad
20.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$79,222
Median Household Income
$53,455
Median Earnings
$1,702
Median Rent
$395,100
Median Home Value
Market
Vacancy Rate% for Office in Atlanta, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- District Events & Catering — 1500 Southland Cir NW, Atlanta, GA 30318
- Jerry Dilts Professional Catering & Events — 1122 Old Chattahoochee Ave NW # A, Atlanta, GA 30318, United States
- Totally Tipsy — 1445 Woodmont Ln NW, Atlanta, GA 30318
- Stellow Coffee & Floral — 1500 Southland Cir NW Suite C, Atlanta, GA 30318
- The Guilty Plate Company — 1445 woodmont ln nw suite 588, atlanta, ga 30318
Frequently Asked Questions
What type of property is this?
Flex space - I2-zoned flex property includes a mezzanine with kitchen and full bathroom.
Where is this flex space located?
The property is located at 3-1422 Woodmont Ln Nw Atlanta, GA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,800 SF flex property with office, retail, and warehouse utility; I2 (Heavy Industrial) zoning; Mezzanine with kitchen and full bathroom
